Capital & Regional executive director Ken Ford is set to step down from his post at the end of the year after 20 years with the company.
Ford, who has responsibility for new business initiatives and has oversight of the company’s joint ventures, will step down from the board earlier than this on 9 May at the time of the annual general meeting.
CapReg said that between then and the end of the year, he would continue to work full time and lead a number of key development initiatives.
After that, he will become an advisor to the company.
Capital & Regional chief executive Hugh Scott-Barrett said: “Ken’s contribution to the development of the business cannot be overstated. Not only was he the driving force behind the very successful growth of the Mall Fund but he has also played a significant role in the reshaping of Capital & Regional since converting to a REIT at the end of 2014.”
Incoming chief executive Lawrence Hutchings added: “I am delighted that Ken will be staying involved and look forward to working with him in progressing some of the very exciting development opportunities that exist right across the portfolio.”
Ford said: “I’ve thoroughly enjoyed the last 20 years at Capital & Regional, however with our succession plans now firmly in place, I feel the time is right to step down from the board.”